PDC land sale to be discussed at directors’ meeting, says Chow

The deal’s critics have claimed that the land was sold below the market rate.

Penang chief minister Chow Kon Yeow was elusive when asked if the state agency’s board of directors meeting would review or suspend the land deal.

“The state executive committee has taken note of the explanation given by PDC, and the matter will be raised to PDC for a decision ,” he said at a press conference at Bangunan UOB here. He repeated the answer when asked again if the PDC would review or suspend the deal during the meeting. However, Ramasamy, who was part of the sub-committee, questioned how Umech Construction sold the land to Umech Land Sdn Bhd, in which property developer Sunway Group held a 70% stake.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

fmtoday /  🏆 5. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Suspend PDC land deal, ex-DCM Ramasamy saysP Ramasamy says there are many unanswered questions to the deal between the state government agency and a construction company.
Read more »

Gantung perjanjian tanah PDC, kata RamasamyBekas timbalan ketua menteri itu berkata terdapat banyak persoalan yang belum terjawab berhubung perjanjian antara agensi kerajaan negeri dan sebuah syarikat pembinaan swasta.
Read more »

Ramasamy mahu perjanjian penjualan tanah libatkan PDC digantungRamasamy mahu perjanjian penjualan tanah libatkan PDC digantung
Read more »

Kon Yeow says due diligence was taken in awarding industrial park project to UMECHGEORGE TOWN, Oct 9 — Penang Chief Minister Chow Kon Yeow has continued to defend Penang Development Corporation’s (PDC) decision to directly award the Byram Industrial Park...
Read more »

Ramasamy tells under-fire Kon Yeow to suspend the Byram Industrial Park dealSEBERANG PERAI, Oct 10 Penang Chief Minister Chow Kon Yeow should suspend the controversial Byram Industrial Park deal between Penang Development Corporation (PDC) and UMECH...
Read more »

Lee Kah Choon has resigned as my adviser, says ChowThe Penang chief minister says Lee Kah Choon had voiced his intention to focus on his personal interests prior to GE15.
Read more »